Influenced by US data, US Treasury yields and the US dollar fell, with the 10-year Treasury yield dropping to 4.371%

Odaily reported that as US data sent mixed signals and oil prices fell below pre-war levels, US Treasury yields and the US dollar declined. The year-over-year increase in the May PCE was in line with the average expectation, accelerating from 3.8% to 4.1%.

A decline in energy costs is expected to cool future inflation. Durable goods orders fell 4.5% in May, compared to the average expectation of a 4% contraction. Meanwhile, the annualized quarterly rate of real GDP for the first quarter was revised up from 1.6% to 2.1%, versus the expected 1.7%. Initial jobless claims for the week fell to 215,000, compared to the average expectation of 223,000. The 10-year Treasury yield fell to 4.371% from 4.414% earlier. The 2-year Treasury yield fell to 4.107% from 4.162%. (Jin Shi)